Bessemer Group Inc. lowered its position in shares of Mohawk Industries, Inc. (NYSE:MHK) by 10.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,129 shares of the company’s stock after selling 968 shares during the period. Bessemer Group Inc.’s holdings in Mohawk Industries were worth $1,965,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of MHK. Grandfield & Dodd LLC raised its stake in shares of Mohawk Industries by 25.0% in the second quarter. Grandfield & Dodd LLC now owns 1,251 shares of the company’s stock worth $302,000 after buying an additional 250 shares during the period. CIBC Asset Management Inc raised its stake in shares of Mohawk Industries by 0.7% in the second quarter. CIBC Asset Management Inc now owns 6,244 shares of the company’s stock worth $1,509,000 after buying an additional 41 shares during the period. Mitchell Capital Management Co. raised its stake in shares of Mohawk Industries by 1.2% in the second quarter. Mitchell Capital Management Co. now owns 26,992 shares of the company’s stock worth $6,524,000 after buying an additional 324 shares during the period. Kornitzer Capital Management Inc. KS raised its stake in shares of Mohawk Industries by 1.3% in the second quarter. Kornitzer Capital Management Inc. KS now owns 24,880 shares of the company’s stock worth $6,013,000 after buying an additional 315 shares during the period. Finally, Janney Montgomery Scott LLC raised its stake in shares of Mohawk Industries by 29.8% in the second quarter. Janney Montgomery Scott LLC now owns 3,275 shares of the company’s stock worth $792,000 after buying an additional 752 shares during the period. Hedge funds and other institutional investors own 76.31% of the company’s stock.

Shares of Mohawk Industries, Inc. (NYSE MHK) opened at 246.41 on Friday. The company has a 50 day moving average price of $245.88 and a 200 day moving average price of $233.88. Mohawk Industries, Inc. has a one year low of $175.52 and a one year high of $252.89. The company’s market cap is $18.32 billion.

Mohawk Industries (NYSE:MHK) last released its quarterly earnings data on Thursday, July 27th. The company reported $3.72 earnings per share for the quarter, beating the consensus estimate of $3.60 by $0.12. The company had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.45 billion. Mohawk Industries had a return on equity of 16.45% and a net margin of 10.54%. The company’s revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the company posted $3.47 EPS. Equities research analysts expect that Mohawk Industries, Inc. will post $13.53 earnings per share for the current year.

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A number of brokerages have weighed in on MHK. Zacks Investment Research lowered Mohawk Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. MKM Partners restated a “buy” rating and set a $286.00 price objective (up previously from $255.00) on shares of Mohawk Industries in a research note on Wednesday, August 2nd. Royal Bank Of Canada restated a “buy” rating and set a $291.00 price objective on shares of Mohawk Industries in a research note on Monday, July 31st. BidaskClub lowered Mohawk Industries from a “buy” rating to a “hold” rating in a research note on Sunday, July 30th. Finally, Credit Suisse Group began coverage on Mohawk Industries in a research note on Thursday, June 22nd. They set an “outperform” rating and a $274.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $266.64.

In other news, Director Cock Frans Georges De sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $238.27, for a total value of $238,270.00. Following the transaction, the director now directly owns 13,016 shares of the company’s stock, valued at approximately $3,101,322.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Suzanne L. Helen sold 6,200 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $240.62, for a total value of $1,491,844.00. The disclosure for this sale can be found here. Insiders sold a total of 7,587 shares of company stock worth $1,823,768 over the last three months. 17.10% of the stock is owned by company insiders.

About Mohawk Industries

Mohawk Industries, Inc is a flooring manufacturer that creates products for residential and commercial spaces around the world. The Company’ segments include Global Ceramic, Flooring North America (Flooring NA) and Flooring Rest of the World (Flooring ROW). Its manufacturing and distribution processes provide carpet, rugs, ceramic tile, laminate, wood, stone, luxury vinyl tile and vinyl flooring.

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Institutional Ownership by Quarter for Mohawk Industries (NYSE:MHK)

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